Another Roth IRA Discussion.

Roll over to Vanguard Roth, then choose a low cost index fund. That will save you dough on the fees.

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What do the MT gurus say?

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You can still contribute to the ROTH via the backdoor ROTH procedure. Look into it.

1-1.2% is a very competitive fee to work with anyone to manage your money.

If he's doing it on his own or with a robo advisor then that would be a bit high.

I guess I don't see what the 1.2% is supposed to be buying you in a Roth account. It's not a brokerage account so it's mostly just directing money. No loss harvesting or other considerations.

I'm assuming this is a fee based account more than likely. So it's buying you asset allocation, ongoing portfolio management and needed adjustments towards economic cycles and opportunities, emotional guidance (to not sell out when things get tough), and guidance on organization and allocation of outside assets.


If the OP doesn't get that service then he needs to talk to his FA about why he is paying a fee. (Assuming he is working with an FA)

Good advice from Jag and others. The backdoor Roth is also a good idea especially IF tax reform come to fruition and with it lower rates. Tax rates won't stay lower forever.